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The Gross National Debt

Monday, October 24, 2005

Well... Interesting timing. CNN is confirming reports that President Bush will nominate the Chairman of his Council of Economic Advisers to replace Alan Greenspan as Chairman of the Federal Reserve Board. Greenspan's term expires on December 31st of this year.

From White House.gov:

Biography of Dr. Ben S. Bernanke

Dr. Ben S. Bernanke Ben S. Bernanke was sworn-in on June 21, 2005 as Chairman of the President's Council of Economic Advisers. Prior to his appointment to the Council, Dr. Bernanke served as a member of the Board of Governors of the Federal Reserve System.

Dr. Bernanke was born on December 13, 1953, in Augusta, Georgia. He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.

Before becoming a member of the Board, Dr. Bernanke was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at Princeton University (1996-2002). Dr. Bernanke had served as a Professor of Economics and Public Affairs at Princeton since 1985.

Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee. Dr. Bernanke's work with civic and professional groups includes having served two terms as a member of the Montgomery Township (N.J.) Board of Education.

Dr. Bernanke and his wife, Anna, have two children.

I'm sorry - the idea of one of Bush's economic advisers replacing Alan Greenspan doesn't inspire a lot of confidence. Surely Bernanke has had involvement in the President's tax policy, the annihilation of the budget surplus, and the record government spending. It's going to be a long three years.

Is it Fitzmas yet? The sooner it's Fitzmas, the sooner we can impeach.



posted by RenaRF at 10:53 AM 1 comments links to this post

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8:25 PM  

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